(2004-2007)

Quay Magnesium

Sydney-based Quay Magnesium Ltd. was a manufacturer of magnesium alloys for automotives. In 2004, the company filed an initial public offering on the Australian Stock Market to fund the design, construction, and commissioning of a new plant in Nanjing, China. Shipston became a venture investor in the plant, which was designed to produce 30,000 tonne per year and bring the higher quality magnesium alloy demanded by the auto and aerospace industries to China. Shipston ended its investment in 2007.